Punjab National Bank: Giving a New Year gift to its customers, Punjab National Bank (PNB) has revised the interest rates on Fixed Deposit (FD). These new rates 1 January 2025 Has come into effect from. While changing the interest rates available on FD, the bank has also given the customers the option of longer tenure. These rates are for FDs up to Rs 3 crore.
PNB’s new FD interest rates
PNB offers different interest rates to the general public, senior citizens and super senior citizens.
- ordinary citizens: From 3.50% to 7.25%
- Senior Citizen: From 4.00% to 7.75%
- Super Senior Citizen: From 4.30% to 8.05%
Interest rates on FD up to Rs 3 crore (new rates)
| Duration | General public (%) | Senior Citizen (%) |
|---|---|---|
| 7 to 14 days | 3.50 | 4.00 |
| 15 to 29 days | 3.50 | 4.00 |
| 30 to 45 days | 3.50 | 4.00 |
| 46 to 60 days | 4.50 | 5.00 |
| 61 to 90 days | 4.50 | 5.00 |
| 91 to 179 days | 5.50 | 6.00 |
| 180 to 270 days | 6.25 | 6.75 |
| 271 to 299 days | 6.50 | 7.00 |
| 300 days | 7.05 | 7.55 |
| 303 days | 7.00 | 7.50 |
| 1 year | 6.80 | 7.30 |
| 400 days | 7.25 | 7.75 |
| 2 to 3 years | 7.00 | 7.50 |
| 5 to 10 years | 6.50 | 7.30 |
Special benefits for senior and super senior citizens
- Senior citizens get more interest on every FD than ordinary citizens.
- Super Senior Citizens (80 years and above) get the benefit of 0.30% additional interest.
New facilities on FD
tenure increased
PNB has given more options by diversifying the tenure of FD. Now customers can choose short term (from 7 days) or long term (up to 10 years) FD as per their need.
highest interest rate
To the general public on FD with a period of 400 days 7.25% and to senior citizens 7.75% Will get interest.
Other main advantages of FD
- Safe Investment: Money remains safe in fixed deposits.
- Fixed Returns: The interest rate on FD is fixed, due to which the returns can be estimated in advance.
- Loan Facility: Loan against FD can also be taken easily.
